NEW YORK, May 14 (Reuters) – Emerging market credit default
swap trading volumes surged 93 percent in the first quarter as
investors scrambled to protect fixed-income portfolios because
of the crisis unfolding between Ukraine and Russia.
Data released on Wednesday from EMTA, the emerging market
debt trading and investment industry trade association, showed
$409 billion in volume during the first quarter versus $212
billion logged in the same period a year ago.
NEW YORK, May 14 (Reuters) – The British pound fell from a
16-month high versus the euro and dropped to a one-month low
against the dollar on Wednesday after the Bank of England
surprised investors by saying it has no plans for near-term
“(The pound) had been the cat’s meow up until this morning’s
employment numbers and BOE inflation report. The market was
clearly positioned for a more aggressive MPC (Monetary Policy
Committee) and they didn’t get that,” said Lane Newman, director
of foreign exchange for ING Capital Markets.
NEW YORK, May 13 (Reuters) – The euro slumped to a one-month
low against the dollar on Tuesday with selling pressure building
in fits and starts over the course of the session, spurred
initially by a sharp decline in German investor morale.
The monthly ZEW survey of German economic sentiment fell
short of expectations and even undershot the lowest estimate in
a Reuters poll.
NEW YORK (Reuters) – Disappointing U.S. retail sales data for April pulled the dollar off a one-month high against the euro on Tuesday but it was still stronger on the euro, which was undermined by a sharp decline in investor morale in Germany, Europe’s largest economy.
A report that said Germany’s central bank would back monetary easing measures to support the euro zone economy added to early selling pressure on the euro.
NEW YORK (Reuters) – The euro held modest gains against the dollar and yen on Monday, unperturbed by the weekend referendum in Ukraine in which pro-Russian rebels declared victory in a self-rule vote, further escalating tensions.
Against sterling however, the euro fell to a 16-month low on growing bets the European Central Bank will ease monetary policy just as the Bank of England prepares to raise interest rates.
NEW YORK (Reuters) – The euro’s sharp decline from a 2-1/2 year high against the dollar extended into Friday, a day after European Central Bank chief Mario Draghi did his best to sap the currency’s strength by threatening more monetary stimulus.
The U.S. dollar, meanwhile, traded at a one-week high against a basket of its major trading partners’ currencies, pulling it off a 20-month low. .DXY